Anderson County SC Real Estate Market Report 1-10-2016

16 Homes Sold in Anderson County

There were 12 homes in Anderson, 1 in Honea Path, 1 in Iva, 1 in Pendleton and 1 in Townville reported sold this past week.

14 single family homes, 1 condo and 1 mobile home were reported sold this past week in Anderson County.

The average price of the homes reported sold this week was $169,507.

The median price of the homes reported sold this week was $128,450.

The average days on market of the homes reported sold this past week was 119.

Remember this report is for only 16 homes and 1 week!

Because these statistics are for only one week and all of Anderson County, it may not tell you what is possible for a specific home. As always there may have been more closings but the agent has not turned in the closing sheet to the WUAR MLS yet.

This is only the basics of what happened last week in Anderson County real estate.

Least Expensive Home Reported Sold

The least expensive home reported sold this week was a 870 SF 2 bedroom 1 bath singlewide mobile home on less than 0.25 acres in Anderson. It sold for $7500 after being on the market for 220 days. Originally hit the market at $12,900.

Located in the 29626 Zip Code and the Starr Elementary, Starr-Iva Middle, Crescent High school district per MLS listing.

Pretty nasty but what do you expect for $7500?

Located in an area that many buyers will not find attractive.

Excellent dose of reality for the delusional…

Most Expensive Home Reported Sold

The most expensive home reported sold this week was a 4516 SF 3 bedroom 3 bath house on 1 acre in Anderson. It sold for $390,000 after being on the market for 112 days ( 1001 days if you combine the consecutive litings with the same agent/company). Originally hit the market at $629,900.

Located in the 29626 Zip Code and the Starr Elementary, Starr-Iva Middle, Crescent High school district per MLS listing.

Waterfront Hartwell Lake home with covered dock and paved cart path to the dock. Custom built in 2007. Outdoor fireplace and patio that overlooks the lake. Multiple fireplaces inside. Carpet, ceramic tile and hardwood floors. Heat pump. No garage. Master suite on main level with walk in closet. 2 kitchens.

I could go on and on about this home as it is really quite impressive.

Impressive until you realize it is up in a cove and close to a chicken house.

Is this why it took so long to sell?

Or was it a combination of the location and being overpriced that caused it to take so long to sell?

Sold Deal of the Week in Anderson County

The best deal in my opinion of the sold listings this week was a brick 1945 SF 4 bedroom 2 bath house on 0.62 acres in the city limits of Anderson. It sold for $135,000 after being on the market for 79 days. Originally hit the market at $139,900. The seller paid $4050 of the buyer’s closing costs.

Located in the 29621 Zip Code and the Concord Elementary, McCants Middle, Hanna High school district per MLS listing.

Awesome location in established neighborhood. Beautiful hardwood floors in the bedrooms and living spaces. Master bathroom updated with walk in tile shower and granite countertops. Fireplace and built ins. 2 car attached carport with storage area. Private fenced backyard.

Big house in excellent updated condition in a location very popular with buyers at a good price.

Foreclosures and Short Sales

2 of the homes reported sold this past week was a foreclosure.

None of the homes reported sold this past week was a short sale.

Today there are 51 foreclosed homes for sale in Anderson County.

Today there are 15 homes listed as a short sale in Anderson County.

Inventory and Absorption Rate

Today there are 1084 homes for sale in Anderson County.

If homes in Anderson County continue to sell at the same pace and no more homes hit the market, it will take 474 days to sell all of the available homes. This statistic is for all homes in Anderson County and based only on this week’s activity.

New Listings in Anderson County

There were 44 new listings to hit the MLS this week in Anderson County.

This Week’s Hot New Listing

The best deal of this week’s new listings in my opinion is a brick and vinyl 1748 SF 3 bedroom 2 bath house on 0.59 acres in Williamston. Hit the market at $78,000.

Located in the 29697 Zip Code and the Palmetto Elementary, Palmetto Middle, Palmetto High school district per MLS listing.

Foreclosure. Detached oversized 2 car garage. In ground pool but no idea if the liner is good or if the pump and what not is still there.

Sunroom. Living room with fireplace. Hardwood floors. Some wall paper and interior paint that is ugly but otherwise nothing too bad.

No mention of how the home is heated cooled. Since this is a HUD owned home, there will be a Property Condition Report (like an inspection) that will list any problems HUD is aware of. It will not list everything wrong with the home but it helps. Remember, you should ALWAYS get an inspection.

Something else to mention is that despite this being a foreclosure, under bank owned in the MLS it says NO.

But it is bank owned…

For some reason some banks do not want their foreclosures advertised as foreclosures. Or even put into the foreclosure category in the MLS.

The key thing to ask yourself is do you want to buy a foreclosure or a good deal.

Just because a home is a foreclosure does not mean it is a good deal.

And vice versa…

Looking Forward

14 homes were reported as going under contract (Pending) this week in Anderson County.

Currently there are 156 homes in the MLS with an Under Contract (Pending) status.

The Fine Print:

This report covers what happened for the week ending 1-10-2016 and is based on information from the Western Upstate Multiple Listing Service for the period 1-3-2016 through 1-10-2016. All of this data is from the Western Upstate Association of REALTORS® Multiple Listing Service.

Depending on the home/location/price range, this may not tell you what is possible or realistic for a specific home! It could be better or worse!

Because these statistics are for only one week and all of Anderson County, it does not tell you everything you need to know to make an informed decision!

If you have questions about buying or selling a property in Anderson County please contact me!